30
See all 30 photos
$1,195,000
Est. payment /mo
2,583 Sqft Lot
New
4208 40th St San Diego, CA 92105
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Diego
MLS Listing ID 260009462SD
HOA Y/N No
Year Built 1936
Lot Size 2,583 Sqft
Property Description
Rare 4-unit investment opportunity across from Teralta Park offering strong in-place income and long-term upside. Corner lot property featuring two original studio units and two newly constructed ADUs (4208) completed in 2024 with final sign-off—both currently leased. Unit mix includes two studios and two 1-bedroom units (approx. 320–448 sq ft), providing a diversified rental profile. Total current gross income of $6,775/month, including $625/month from a Clear Channel billboard lease. Property includes 4 separate meters for clean utility separation and operational efficiency. One unit has been recently updated, with additional value-add potential in the remaining original units. Commercial zoning offers potential future redevelopment opportunities (buyer to verify with City). Centrally located in a high-demand rental area with convenient access to freeways, public transit, and local amenities. Ideal for investors seeking a blend of stabilized income, new construction, and upside potential. Do not disturb tenants.
Location
State CA
County San Diego
Area 92105 - East San Diego
Building/Complex Name Teralta
Zoning COMMERCIAL
Interior
Cooling Heat Pump
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition,Rolled/Hot Mop
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4472801800
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/260009462
Listed by Nick Atkin Atkin Homes Corp. #01880701
NEARBY SCHOOL & BUSINESS
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